Zacks Investment Research upgraded shares of Bojangles (NASDAQ:BOJA) from a sell rating to a hold rating in a research report released on Monday.
According to Zacks, “Bojangles, Inc. is engaged in owning and operating restaurants. Bojangles’, Inc. is based in North Carolina. “
BOJA has been the topic of a number of other research reports. Jefferies Group lowered shares of Bojangles from a buy rating to a hold rating and cut their price objective for the stock from $16.00 to $13.00 in a report on Friday, December 22nd. ValuEngine upgraded shares of Bojangles from a hold rating to a buy rating in a report on Friday, December 22nd. TheStreet upgraded shares of Bojangles from a d+ rating to a c- rating in a report on Monday, February 26th. BidaskClub upgraded shares of Bojangles from a sell rating to a hold rating in a report on Friday, February 23rd. Finally, SunTrust Banks reiterated a buy rating and issued a $19.00 price objective on shares of Bojangles in a report on Wednesday, January 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $16.14.
Bojangles stock opened at $14.05 on Monday. Bojangles has a 1-year low of $11.35 and a 1-year high of $22.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.66 and a quick ratio of 0.57. The company has a market cap of $515.06, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 1.54 and a beta of 1.63.
Bojangles (NASDAQ:BOJA) last issued its quarterly earnings data on Tuesday, March 6th. The restaurant operator reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Bojangles had a net margin of 13.15% and a return on equity of 13.17%. The firm had revenue of $148.10 million for the quarter, compared to analyst estimates of $146.76 million. During the same quarter in the previous year, the business posted $0.28 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. equities analysts expect that Bojangles will post 0.68 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Amica Retiree Medical Trust acquired a new stake in shares of Bojangles in the 3rd quarter valued at about $119,000. Investors Research Corp acquired a new stake in shares of Bojangles in the 4th quarter valued at about $145,000. Engineers Gate Manager LP acquired a new stake in shares of Bojangles in the 4th quarter valued at about $153,000. PEAK6 Investments L.P. acquired a new stake in shares of Bojangles in the 4th quarter valued at about $198,000. Finally, Gotham Asset Management LLC raised its stake in shares of Bojangles by 35.5% in the 4th quarter. Gotham Asset Management LLC now owns 17,047 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 4,464 shares in the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.
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Bojangles Company Profile
Bojangles’, Inc is a restaurant operator and franchisor. The Company offers food made from its Southern recipes. The Company’s menu includes its made-from-scratch, buttermilk biscuits baked fresh every 20 minutes; its fresh, never-frozen bone-in fried chicken; its fixin’s; its Bo-Smart menu featuring items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans; its freshly baked and delicious sweets menu, and its Legendary Iced Tea.
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